Tribe Property Technologies (Tribe Property Technologies) Receivables Turnover : 4.87 (As of Mar. 2024)

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What is Tribe Property Technologies Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Tribe Property Technologies's Revenue for the three months ended in Mar. 2024 was $3.94 Mil. Tribe Property Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was $0.81 Mil. Hence, Tribe Property Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 4.87.

Tribe Property Technologies Receivables Turnover Historical Data

The historical data trend for Tribe Property Technologies's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tribe Property Technologies Receivables Turnover Chart

Tribe Property Technologies Annual Data

Trend

Apr20

Dec21

Dec22

Dec23

Receivables Turnover

8.02

29.10

22.00

18.87

Tribe Property Technologies Quarterly Data
	Jan20	Apr20	Sep20	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											4.15	3.92	4.41	4.70	4.87

Competitive Comparison of Tribe Property Technologies's Receivables Turnover

For the Real Estate Services subindustry, Tribe Property Technologies's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tribe Property Technologies's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tribe Property Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tribe Property Technologies's Receivables Turnover falls into.

Tribe Property Technologies Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Tribe Property Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	14.451	/ (	(0.716	+	0.816)	/	2 )
=	14.451	/	0.766
=	18.87

Tribe Property Technologies's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3.944	/ (	(0.816	+	0.805)	/	2 )
=	3.944	/	0.8105
=	4.87

Tribe Property Technologies (OTCPK:TRPTF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Tribe Property Technologies Receivables Turnover Related Terms

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Tribe Property Technologies (Tribe Property Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tribe Property Technologies Inc (OTCPK:TRPTF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

TRBE:Canada

Address

1166 Alberni Street, Suite 1606, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.tribetech.com

Tribe Property Technologies Inc is a property technology company engaged in offering technology-enabled property management services to meet the needs of developers, condominium and residential communities, owners and residents. As a tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of stakeholders than traditional service providers. The company's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.

Tribe Property Technologies (Tribe Property Technologies) Headlines

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